+ MBS Direct: Principles of Manage X X c mbsdirect.vitalsource.com/#/books/9780131478197/cfi/6/1524/4/2/18/4/2/2/6/2/4/6/200:35.0 Apps M Gmail Maps TweetDeck N Netflix Five number summ.. & Sample Variance, S... Coefficient of Variat. 3. 12% Mean Mediar, Mo... mikrotik hotspot E Mean. Median Mo Statistics Calculator b. Rework part a under the assumption that the $1,000,000 payment will be received in 15 rather than 10 years. c. On the basis of your findings in parts a and b, discuss the effect of both the size of the rate of return and the time until receipt of payment on the present value of a future sum. !!! OU 2 o Personal Finance Problem Learning Goal 2 P5-16 Time value comparisons of single amounts In exchange for a $23.000 payment today, a well-known company will allow you to choose one of the alternatives shown in the following table. Your opportunity cost is 9%. Alternative Single amount A $28,500 at end of 3 years B $54,000 at end of 9 years $160,000 at end of 20 years a. Find the value today of each alternative. b. Are all the alternatives acceptable? That is, are they worth $23,000 today? c. Which alternative, if any, will you take? Personal Finance Problem 237 Dr - Aa 1